TNT
Tishwash:
It bears several privileges.. Al-Rafidain announces the imminent launch of the credit card
The bank said in a brief statement, a copy of which {Euphrates News} received, that the new card “carries privileges, including lending for a certain amount and according to the salary.”
Today, Friday, Rafidain Bank announced the imminent launch of the credit card, while confirming that it carries several privileges.
And the bank’s media stated in a statement, received by / information /, that “the credit card will be launched soon.”
He added, “The card carries privileges, including lending for a certain amount and according to the salary.” link
CandyKisses:
President of the Republic: The government is serious about taking measures that encourage investment
Economy News – Baghdad
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President Abdul Latif Rashid said that Iraq enjoys security, peace and stability, and this provides opportunities for investors to invest in the country.
Rashid added in an interview with the BBC channel that “the government is serious about taking concrete measures that would encourage foreign and local investment, as there are promising opportunities for investors in Iraq, especially with the security, safety and stability witnessed by Iraqi cities.”
The President of the Republic pointed to “the need to amend the laws and regulations of financial transfer, financial policy, and improve some rules and regulations related to investors and the banking sector
Al-Hakim: Iraq has overcome many of the ‘remnants of authoritarian dictatorship’
Baghdad – NAS
The head of the Alliance of “Nation-State” forces, Ammar al-Hakim, said on Friday that Iraq has overcome “the remnants of authoritarian dictatorship,” pointing to the importance of promoting freedoms and human rights by parliaments.
Al-Hakim said in a statement received by NAS (June 30, 2023), that “on the International Day of Parliamentary Work, we emphasize the importance of parliaments in promoting freedoms and human rights and achieving social progress, as well as being one of the most important features of democracy, and its impact is a basic indicator of the extent of democracy in countries or not.”
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Al-Hakim also pointed out on the anniversary of the International Day of Parliamentary Work to “the important d--------c experience of Iraq in parliamentary work, and its success in overcoming many of the remnants of the authoritarian dictatorship for decades, and we call on the legislative institution in the country and all competent academic institutions, to work on developing parliamentary work and activity as an institution and individuals.”
Tishwash:
Deputy for Law: Important projects after the legislative recess, most notably oil and gas
The representative of the State of Law Coalition, Asaad Al-Bazuni, revealed that there are important projects that will proceed with their legislation by Parliament after the legislative recess, most notably the oil and gas law.
Al-Bazuni told (Baghdad Today) that: “Approving the budget was the main concern of Parliament, but the parliament is heading to legislate important laws that will reflect on the citizen.”
Al-Bazuni pointed out that “activating the parliament’s work more is important because there are important laws awaiting the street on the one hand and the government on the one hand for the purpose of its legislation.”
It is noteworthy that the House of Representatives had extended its last legislative term until the approval of the financial budget, which it voted on in approval on the 12th of this month and was published in the Official Gazette this week. link
Source: Dinar Recaps
Harambe:
Zim-dollar regains grip against USD again | The Chronicle (6/29/23)
THE Zimbabwe dollar is fast regaining value against the US dollar with the weighted average rate at the wholesale foreign exchange auction today p-----g the local currency at US$1: $5,739 from US$1:ZWL6,300 on Tuesday.
Expectations are that the exchange rate (official and parallel market), which recently took a battering from the negative impact of excess liquidity in the market, will strengthen in favor of the local currency going forward.
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Since the introduction of the wholesale auction, financial institutions have been struggling to raise Zimbabwe dollar funding enough to buy more than US$1 million at any given time.
In an update today, the total value of bids accepted was $3,5 million with $2,9 million allotted.
Based on the Reserve Bank of Zimbabwe update, the highest bid rate received was $6 000 while the lowest was $5,263.
On Tuesday, financial institutions only managed to buy a third of the US$30 million foreign currency available on the wholesale foreign currency auction as the Zimbabwe dollar liquidity crunch hits the market.
Only US$10 million was purchased by banks today from the US$30 million on offer.
In the first wholesale foreign currency auction early this month, 19 banks were allotted US$11,18 million as authorities switched to the banking system’s interbank market.
As part of the reforms, the RBZ’s Monetary Policy Committee (MPC) met early June and came up with additional interventions aimed at ensuring that the interbank forex market became the primary source for foreign exchange needs in the economy.
The latest development overtakes the auctions that have carried the burden for just under three years since the middle of 2020.
In taking measures to address issues affecting the economy, the MPC noted that the prevailing volatility in the exchange rate emanated from both supply-side and demand-side factors.
Vietnam, Indonesia step up legislative ties | Vietnam+
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(6/29/23)
Chairman of the National Assembly (NA)’s Committee for External Relations Vu Hai Ha hosted a reception in Hanoi on June 29 for the Ambassador of Indonesia to Vietnam, Denny Abdi.
Ha said the countries, sharing a bilateral traditional friendship which was upgraded to strategic partnership in 2013, have boosted their high-level and all-level exchanges, maintained and promoted their effective cooperation mechanisms, and coordinated policies in line with Indonesia’s priorities for the region, especially during its 2023 ASEAN chairmanship.
He stressed that the Vietnamese NA wishes to deepen and enhance the strategic partnership between Vietnam and Indonesia via further strengthening cooperation with the legislative bodies of Indonesia, particularly in delegation exchanges and teamwork between the sides’ specialised committees and friendship parliamentarians’ groups.
The Vietnamese NA also looks forward to promoting the exchange of information and experiences with the Indonesian parliament on law building and inspection work related to post-C---D-19 socio-economic recovery and global issues such as digital transformation, he added.
The official said in the time to come, Vietnam and Indonesia need to continue improving the legal framework for cooperative activities and maximising the effectiveness of their joint committee on economic, scientific, and technological cooperation to facilitate trade and investment flows.
The two countries should explore and seek opportunities for collaboration in such new areas as digital transformation, clean energy, capitalising on the opportunities brought by the Fourth Industrial Revolution.
For his part, the Indonesian diplomat stressed that Indonesia values its strategic partnership with Vietnam and is committed to making every effort to promote their friendly cooperation.
Agreeing with Ha’s assessment regarding the strong ties between the two countries in various fields, the ambassador suggested that the Vietnamese and Indonesian legislative bodies further promote these cooperative relations and increase their exchange of high-level delegations.
https://en.vietnamplus.vn/vietnam-indonesia-step-up-legislative-ties/255485.vnp
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Prime Minister hosts IMF’s Article IV consultation team | Vietnam+ (6/29/23)
Hanoi (VNA) – Prime Minister Pham Minh Chinh on June 29 received a delegation of the International Monetary Fund (IMF) headed by Sanjaya Panth, Deputy Director of the IMF’s Asia and Pacific Department, who are on a working trip in Vietnam for Article IV consultation.
Expressing his satisfaction with the results of the cooperation between Vietnam and the IMF, PM Chinh stated that the Vietnamese Government always listens to and highly values the evaluation opinions and policy advice from the IMF. The report by the Article IV consultation team is one of the important sources of input information for the making and implementation of policies by the government, ministries and sectors.
The IMF’s consultation and policy dialogue activities have supported the Vietnamese government in formulating stable and effective socio-economic development policies, especially during the C---D-19 crisis and the current global instability, PM Chinh said.
The IMF delegation congratulated the country on its positive economic and social achievements, particularly after the pandemic.
They noted that global growth prospects are relatively weak, but the Asian region, including Vietnam, sees more favourable ones and can serve as a global growth driver. The Vietnamese economy is expected to grow better in the last months of 2023 and this growth momentum is likely to be sustained and bolstered in the coming years.
The government leader expressed the desire for the IMF to continue providing competent Vietnamese agencies with training programmes and technical support in economic, financial, and monetary management, and statistics.
He proposed that the team and IMF Resident Representative Office in Vietnam further enhance policy advisory activities for the Vietnamese government and agencies. The PM also expressed his hope and confidence that the already good relationship between the sides will be increasingly consolidated and strengthened and that the IMFwill continue to accompany Vietnam in its future development process.
Under Article IV of the IMF’s Articles of Agreement, the IMF holds bilateral discussions with members, usually every year. A staff team visits the country, collects economic and financial information, and discusses with officials the country’s economic developments and policies. On return to headquarters, the staff prepares a report, which forms the basis for discussion by the Executive Board.
https://en.vietnamplus.vn/prime-minister-hosts-imfs-article-iv-consultation-team/255487.vnp
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Source: Dinar Recaps
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